No Black Monday Posts? What does that say about sentiment?

Quote from aaronk321:

If it does not bounce then it will go lower.

The opposite scenario could also materialize: if it does not go lower then it will bounce, or might stay the same.

As to the bounce strength, we should consider two options here: either it will exceed 11.65 points or bounce by a lesser amount. In the former case, some profit taking could take place, albeight only temporary.
 
Next week the S%P will be down 5%...but the Fed will NOT ease :D

A 5% fall next week will only in the S&P will only bring us back to just shy of where we were in February will it not?

Big deal!:D :D :D :D :D
 
I see three possibilities for Monday:

1. Dow will go up less than 100 points.

2. Dow will go down less than 100 points.

3. Dow will go down more than 100 points.

In other words, there's a moderate chance for consolidation and taking a breath, but also a significant chance for a further major break downward. I feel there's little chance of any kind of bullish heartening rebound.
 
Back
Top